- P-ISSN 1738-656X
Journal Archive
Home > Journal Archive
한국개발연구. Vol. 29, No. 1, June 2007, pp. 117-140
https://doi.org/10.23895/kdijep.2005.29.1117
×
KDI Open Access is a program of fully open access journals to facilitate
the widest possible dissemination of high-quality research.
All research articles published in KDI JEP are immediately,
permanently and freely available online for everyone to read,
download and share in terms of the
Creative Commons Attribution 4.0 International License.
An Analysis of Korean House Prices Movements with Asset Pricing Models
Abstract
Korean house prices have risen rapidly since year 2001 and there have been some worries that the recent house price hikes are too excessive. This paper empirically analyzes the movement of Korean house prices and derives some implications from it, based on three different theoretical asset pricing models; long-run supply demand model, present value model and general asset pricing model. The results from the analyses show that recent house prices are overall higher than the theoretical prices, thus requiring measures to stabilize house prices hikes.
Keywords
주택가격(House Price), 자산가격모형(Asset Precing Model)
JEL Code
E0, E3, G1
- 1036Download
- 2339Viewed
Other articles from this issue
- Technology and the Demand for Unskilled Labor After the Economic Crisis
- Moving Patterns of Patients and Its Implication for Regional Unbalance in Health Resources
- Potential Foreign Competition and Market Structures: Empirical Analysis and Policy Implications
- An Analysis of Korean House Prices Movements with Asset Pricing Models
- How to Fiscally Manage the BTL Type Project
- Procyclicality of Buffer Capital and Its Implications for Basel II: A Cross Country Analysis
Recommended Articles
